Investment kingyru 💎 EN

Transformer Foundation.

TON Foundation President Steve Yun and TON Society co-founder Jack Booth spoke on stage at The Gateway 2024 with a presentation on "TON's Path to Decentralization".

They spoke about the plans for transition to a new TON management model, where decisions are made solely by the community, and competition, innovation and cooperation become the main tools for ecosystem development.

At first glance, everything looks positive. But one gets the feeling that instead of real decentralized management, roles are being distributed and responsibility is being abdicated. For this purpose, as it turns out, many subsidiary organizations are created:
- TON Foundation
- TON Core
- TON Studio
- TON Ventures
- TON Society
- TON Acc
... and others. And, by the looks of it, the list is only going to grow.

But is this a step towards community governance? The community has never made key decisions in TON - from validator votes to freezing TON first miners or blocking them for 5 years.

Most likely, such structures are created to shield TON Foundation and its employees from the attention of regulators and authorities. After all, despite the status of a non-profit organization, a huge amount of money is poured into the ecosystem.

This is a case where Transformer has been taken apart and then put together in such a way that it's now hard to figure out how and who will manage it all. 😆

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

NIKO-never trust the TON Foundation

At panel discussions and conferences in Dubai, Alyona Shmalko, ecosystem leader of the TON Foundation, repeatedly spoke about the incentive programs launched by the foundation and the prospects for memcoins at TON, accompanying her speeches with a large disklammer.

I remember her words: "the programs are working well, but we are not attracting exactly what we need, so we are constantly analyzing what is happening and adapting them". What is happening now with Memlandia certainly confirms this.

The TON Foundation is looking to poach the title of "meme blockchain" from Solana and is doing everything it can to do so. There are already more meme pads on TON than memcoins themselves, and the truly HYIP tokens have yet to appear.

That's why TON Foundation, TOP and the main market maker DWF decided to take things into their own hands and created the token $NIKO.

TOP, represented by STON.fi, cut the pool commissions to 0%, DWF created wallets and started to spin volumes, TON Foundation allocated funds for prizes, and then - Memlandia came to life! Steep volumes, better token, huge capitalization - yes, this is the TON ecosystem where a new $BONK or $PEPE is born. Twitter hang in there, we're off to throw screenshots about a token with $100M market cap. 🤦‍♂️

Showed us how to make memes, well done. And we were wondering how to create a $150 million market cap with two thousand users on the blockchain, but it turns out it's that simple.

At this rate, no one will trust the TON Foundation and their incentive programs. Too bad the face of this whole circus is Alyona, she's just doing her job.

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Believers in TON

After The Gateway, where everyone was shown beautiful numbers and ecosystem metrics, TON had more believers.

A week has passed and battles have started in the chat rooms: those who are impressed with the future are rooting for TON, while those who are not - continue to criticize it.

I want to say to all the believers that you are right. I myself believe in TON, but each of us believes differently.

Some believe in the price of TON at $250, some believe in 900 million users who will come and start using transfers, some believe in a fast and reliable blockchain, some believe in integration with Telegram, and some simply trust Pavel Durov, because he can do no wrong.

But this faith is different for everyone. TON can be the fastest and best blockchain, but with a token price of $1. Or people can come from Telegram and start using it, but the blockchain will be slow. Or Pavel Durov may be banned from mentioning TON, but the blockchain will continue to exist, and so on.

Everyone's faith is different, accept that and don't argue amongst yourselves. A common effort may be able to close aspects of each faith - or maybe not. 🙂 What do you believe in?

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Podcast from swap.coffee

I have about seven podcasts on YouTube now, and a lot of people ask the same questions. The guys at swap.coffee went through all the podcasts, took notes on the questions I've already been asked, and asked the ones that are really interesting to both them and my community.

Who is Olga Nemo? What is Filimonov's diagnosis? What happened to $GM? When will I start a YouTube channel? The answers to all these questions are in the new podcast:

https://youtu.be/VWxEUuo_ZlM (in Rus)
https://youtu.be/VWxEUuo_ZlM (in Rus)
https://youtu.be/VWxEUuo_ZlM (in Rus)

Enjoy the podcast! 🤗

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Validators in TON are dying out

As you know, the TON blockchain is powered by validators. To become a validator, you need to have a minimum of 300K TON for every second cycle, or 600K for every cycle. Recently, the TON Core team began the process of eliminating underpowered validators, and later introduced penalties for poor performance.

However, the changes didn't end there.

Due to the growing number of validators, active competition for market share has begun: the bigger the validator's steak, the more operations it processes and the higher its revenue. Since the maximum number of validators is strictly fixed in the configuration of the TON blockchain and is 400, validators that are not on this list simply do not participate in the network.

Currently, the minimum steak of a validator occupying the 400th position is 414K TON. You can check at tonscan.org/validators. This means that nominator pools, which were previously heavily advertised as an easy entry into validation for all comers, have simply dropped out of the process, and users who invested their TONs are not receiving any income. You can check out such ones at tonvalidators.org, but there are only those here that have been approved by the TON Foundation, in fact there are many times more.

What is particularly notable is that neither the TON Foundation nor TON Core have commented on this situation. Their validators are still working, and they are willing to build up their steak to increase their influence on validator elections. Meanwhile, participants with smaller steaks, are simply left without income and access to voting. People could, for example, put 10K TON for 3% APR into a nominator pool with 350K TON, and today they are already without income because they are off the list.

If you have ever participated in nominator pools, check if your pool is working now and move your funds to more profitable protocols.

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Jett-landia

The whole TON has started going memelandia crazy. Some people are hating it for the fact that you need to spin volumes, others are creating tokens and hoping to win prizes.

And if earlier tokens were created by anyone who was not lazy, then to win a prize in Memlandia, you need to be a seriously charged team.

Firstly, you need a large capitalization, without it you cannot show good results.

Secondly, you need trading volumes, which means you need a large community.

Thirdly, you need to support and pump up the price in every possible way, otherwise it will be impossible to maintain the level of trust.

Only one token in Memlandia fits all the criteria so far - $JETTY. It's only 24 hours old, but the team has a big project behind it, and tomorrow they will launch farming on DeDust.io with USDT reward until the end of memeland and plan to increase capitalization in the coming days.

You can follow the fate of the token in their chatroom or on dexscreener. I've purchased 50 TON worth, I'll observe and come back for more.

Memeland tokens must feed users, otherwise what's it all for.

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Hackathoners

At The Gateway, every other person who presented their project to me was a TON Foundation hackathon winner.

It's certainly great that hackathons work. People come to them, learn about the TON ecosystem, create interesting projects, and get a boost of motivation and hope for rapid development among 950 million potential users.

But when the project has already been created and the money for winning has been spent, the team goes into "free floating" and faces a harsh reality.

There is no more support for the development of the project: no money, no advertising, and a couple thousand users in the ecosystem do not bring funds to support the team.

And I've seen the burning eyes of hackathon winners fade away at the conference. They created products, but who will use them if there are almost no real users in the ecosystem.

It looks like it will be exactly the same as it was with the hackathons for developing projects with TON Payments. 100% of the created projects went "to the table" and never became popular.

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Monetization in Telegram: announcements and reality

Pavel Durov announced the launch of advertising in games embedded in Telegram mini-apps. However, it should be noted that full-fledged monetization has not yet been fully implemented and is not working at full capacity.

Many large Telegram channels will confirm that the remuneration in TON for the created content has decreased to a minimum, and now it brings almost no income to the authors. Thus, monetization in Telegram is noticeably limited, which affects the income of content creators.

At The Gateway, I spoke to guys who run ad campaigns with decent budgets, and they reported that their submissions go weeks without being approved. It's unclear whether this is due to stricter moderation after Durov's arrest or a lack of moderators.

Despite the announcements and promises, the real situation with monetization in Telegram remains far from ideal. Just like everything else in the TON ecosystem.

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

The big announcements at The Gateway. There aren't any.

The first day of the annual TON conference has passed, and it is impossible to say that there were a lot of loud announcements.

Almost all announced goals and plans were announced last year, and the current conference looks like an intermediate point where the results of the past year are summarized and peak (this is important) achievements are shown.

According to the speech of Steve Yoon, President of TON Foundation, we can conclude that organizational and structural changes are coming. And according to the speech of CEO Andrey Rogozov - that Telegram is moving away from TON.

Last year Pavel Durov announced TON giveaways inside Telegram channels, but over time Premium and Stars giveaways appeared. TON wasn't needed for bots, payments, or giveaways, all replaced by Stars and attention to the TON ecosystem has greatly diminished. It looks like the reverse will never happen, everyone is happy with Stars.

Yesterday Rogozov announced NFT and token draws via @wallet. It would seem to be a TON of support from Telegram, but in reality the draws will just be held in the bot like checks in xRocket. No new ties to Telegram and no innovation, but just a new way for TOP to make money from regular users.

The estrangement is also visible in the fact that Rogozov, at the end of his speech, advised to subscribe to Durov, promising that he would make a post about @wallet and the new functionality, but Durov didn't publish anything. I previously wrote that the agreement to host @wallet was not renewed, and Durov only mentioned the wallet once. It's likely to stay that way and the situation will worsen.

Too bad about TON. No one seems to need it except naive funds investing tens of millions of dollars in the "void".

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Let's have a flash mob on day 2 of The Gateway.

Today I gave away over 200 kingyTON socks to everyone willing and in need 😄 It's time to show the power of community!

Put your socks on and come to day 2, E-Beggers!

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Big Pump!

Binance Week hosted a panel discussion with TF and the Blum, Notcoin, DOGS projects. When the moderator asked where we're headed next, everyone said memes and memepads.

At TON, it looks like there will be a second run to memcoins with the support of the TON Foundation, and mempads will make a nice profit on it. This was just announced by Alena from the stage at The Gateway.

As we know, good projects only appear when there is competition, so PocketFi's BigPump has been added to the existing ones.

When the TON Foundation starts moving, there will be a battle for liquidity, and these guys know how to entice, as they're giving the foundation $750k in funding for cool new memes! 🚀

Launch the token and enter the contest. Will the token appear cooler than watermelon? 🤗

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

You don't need TF

I talk to many TON project builders at the conference and I don't understand why everyone is waiting for approval and support from TON Foundation. Why should someone from the foundation give you the go-ahead to start doing your project? Why can't you even move forward without a grant? How can you plan to launch a project and not know how to develop it without TF support?

People are piling in droves on TON Foundation staff to look at the project, help with development, give advice and money. The employees, of course, freeze up, answer in general phrases, and then everyone heats them up for not helping and answering for several months.

If you want to create a project on TON, forget about grants and support from TON Foundation. Go to conferences, make acquaintances and create a community - it will yield more fruit than chatting in private with Alena 🤣

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Scam league 🎃 Scary?
Happy Halloween!

What about Wallet?

Have you noticed that Pavel Durov on his channel mentions slippers, says that the future is in mini-apps, but there is not a single mention of the first and most important mini-app @wallet?

On Durov's channel there is only one mention - on September 14, 2023 - that @wallet will be added to the Telegram menu, and that's it. Doesn't that seem strange to you?

Finding an old TON Foundation wallet, you can see that on the dates of the announcement of the Telegram and TON Foundation partnership, there were several large transfers of TON to the wallets, which then either went to OKX in glass or are still lying around.

From this we can conclude that TON Foundation paid for the integration of @wallet into Telegram, and then TOP pushed the wallet to them.

A year has passed, and no new large transfers on similar dates are seen on the wallets, and the conclusion is that the agreement to place the wallet in the Telegram menu has not been renewed.

Knowing the relationship between Rogozov and Durov, and adding to that the arrest in France, one might wonder if it's not being extended on purpose. It's unlikely that @wallet will be removed from the menu because the relationship is good, but then why not extend it?

I've seen a lot of people from TON over the last few days, and in casting around I've managed to realize that the agreement hasn't actually been renewed and has been terminated altogether. Seems like a change is coming between Telegram, TON Foundation and TOP 🤔

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

TON INSIDE

CRYPTUS Media team decided to make a special edition about TON blockchain with 7 top guests:

- Vladimir Smerkis, Blum's funder;
- Vudi (TON's chief critic);
- Sasha Plotvinov, Notcoin's funder;
- Anton Tsivarev of the TON Foundation;
- Vlad TTS, Terminal's funder;
- Eugene Ustinovich, Community leader of the active TON channel;
- Sergey Girba, TON ecosystem observer.

It was interesting to participate without knowing what the other guests were saying. So watch along with me.

📱 Watch on YouTube (in RUS)
📱 Watch on YouTube (in RUS)
📱 Watch on YouTube (in RUS)

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.

Justin and Factorial Finance

Our channel has many subscribers, but few people are familiar with the history and key personalities from the TON Foundation. It's time to remedy that. I chatted with Justin and found out what he's up to now.

A few years ago, the president of the TON Foundation announced that eventually the foundation itself would no longer be necessary, and its members would be able to realize their own commercial projects in the TON ecosystem (by agreement, while they are working, they cannot engage in commercial activities).

And so it happened. In my memory, at least four people - Dany, Mark, Inal, and Justin - who recently worked at the TON Foundation are now developing their own projects inside the TON ecosystem.

Today I'll tell you about Justin. 😎 Many people know him for his work with investments and developing the TON ecosystem. One of his most notable achievements was organizing the first Hack-a-TONx in 2023, which helped projects like DeDust and Storm Trade get funding and recognition (DeDust won first place, by the way).

While working at the TON Foundation, Justin noted a few key challenges in the TON ecosystem:
- despite the boosts, liquidity (TVL) is not sustained for long;
- no culture of publishing source code: developers are reluctant to share their work, which hinders the development of new projects;
- too much emphasis on mass-adoption rather than DeFi development.

Justin is now co-founder of Factorial Finance, a DeFi project lending on TON that seeks to address these issues. At TON Gateway in 2023, he shared his ideas for increasing TVL in TON through liquid protocols, and has now decided to put them into practice.

After getting to know the development team, Justin realized that Factorial's lending project, using TON's scalable blockchain architecture, could attract the attention of BTC and ETH holders and create a powerful credit ecosystem with high liquidity. Their goal is to attract funds, market makers and large investors, in close tandem with DEX, to help grow the entire TON ecosystem.

Knowing the connections Justin has with funds, I can assume that the project is seriously aiming to change the approach to DeFi on TON and revitalize this area. I'll keep an eye on the news, and you can read the full product realization approach on X. Justin, thanks for commenting! 🤝

@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.